Consumer Credit Expanded in June

By

Brian Blackstone

Updated Aug. 7, 2006 3:33 p.m. ET

WASHINGTON -- U.S. consumer credit expanded at a rapid clip in June, led by gains in revolving credit, the Federal Reserve said Monday.

Consumer credit outstanding rose $10.3 billion in June to $2.186 trillion, according to the latest report from the Fed. That followed a $5.9 billion consumer-credit increase in May, previously estimated as a $4.4 billion expansion. June credit growth was well above Wall Street estimates for a $3.8...